Investcorp Capital Plc, an investment vehicle backed by Investcorp Holdings, the Middle East’s largest alternative asset manager, raised 1.66 billion dirhams or $451 million with an Abu Dhabi initial public offering.
Announced on Friday, the offering featured 720 million shares priced at a top-end valuation of 2.30 dirhams apiece.
This pricing values Investcorp Capital at 5 billion dirhams and yields an 8.4% annual
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